With all that both of us have going on today, it’s surprising how we both find time to complete everything on our list.
My sibling has a full time job, and he has a partner and seven kids at home.
In addition, he also manages 26 rental properties, so you can only imagine how tied up he is with all those variables in his life. It’s no wonder that he has decided to give up on the property management business to focus more on his family and his full time work. Well, he isn’t necessarily giving up the business, instead he has decided to no longer manage the property himself. Recently, he hired a property management supplier to take over the responsibility of the more than 26 properties. Hiring a property management company can be challenging as you will need to make sure that it can represent your supplier in the best way. However, hiring a supplier to manage your property can remove some of the headaches that come with being a property owner. Choosing a property management supplier isn’t a straight-forward task because you will need to make sure the supplier has experience in the industry, that they understand the housing laws, they have a superb turn around on resolving complications, and they can guarantee low renter turnover and undoubtedly little vacancy. Although the property management supplier will impact your bottom line, at times it is worth the sacrifice. Especially if hiring the property management supplier will provide you more time with your family and give you peace of mind. I think our sibling made the best decision for herself.